Daily Pivots: (S1) 1.3435; (P) 1.3494; (R1) 1.3523; More… Intraday bias in USD/CAD is turned neutral with current retreat. Some consolidations would be seen, but further rally is expected as long as 1.3357 support holds. Read more…
GBP/USD is attempting a fresh increase from the 1.2535 zone. EUR/GBP is gaining pace and might extend its rally above the 0.8570 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is Read more…
Markets US eco data were too plenty yesterday to give a clear signal for trading. Markets initially singled out disappointing US retail sales, which declined more than expected in January (-0.8% M/M vs -0.2% M/M). Read more…
The S&P500 rebounded past the 5000 yesterday. This time, a mixed set of manufacturing data and a drop in US retail sales – which fell the most in almost a year – were brought forward Read more…
Daily Pivots: (S1) 0.8534; (P) 0.8552; (R1) 0.8568; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside, break of 0.8497 will resume extend recent fall to 0.8464 projection level. Nevertheless, considering Read more…
Daily Pivots: (S1) 1.6484; (P) 1.6522; (R1) 1.6548; More… Intraday bias in EUR/AUD stays neutral and range trading continues. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 Read more…
Daily Pivots: (S1) 0.9464; (P) 0.9485; (R1) 0.9501; More… Intraday bias in EUR/CHF remains neutral and more consolidations could be seen below 0.9510. Downside of retreat should be contained by 0.9413 minor support to bring Read more…
Daily Pivots: (S1) 188.19; (P) 188.72; (R1) 189.44; More… GBP/JPY is staying in consolidation below 190.05 and intraday bias remains neutral. On the upside, break of 190.05 will resume larger up trend. However, break of Read more…
UK retail sales volume rose 3.4% mom in January, well above expectation of 1.5% mom. That was the largest monthly rise since April 2021, reversing the deep decline of -3.3% mom in December. Sales volumes Read more…
Daily Pivots: (S1) 161.14; (P) 161.37; (R1) 161.77; More… EUR/JPY’s rally resume after brief consolidations and intraday bias is back on the upside. On the upside, firm break of 161.84 will confirm resumption of whole Read more…